Hamlin Manufacturing co. has the following transactions:1) Raw Material purchased on cash $1450,000.2) Raw material purchased on account $20,000.3) Raw material requisitions & direct labor hours.4)...


Hamlin Manufacturing co. has the following transactions:1) Raw Material purchased on cash $1450,000.2) Raw material purchased on account $20,000.3) Raw material requisitions & direct labor hours.4) FOH applied $9 per direct labor hour; direct labor cost $6 per direct labor hour.5) Depreciation of office premises $3,000 and for factory machinery$5,000.6) FOH Incurred $900 per job.7) Job# 1A, 2B, &4D were completed.8) Job #2B, 4D were sold on account $ 19, 000 & $25,000 respectively. Required: Prepare Journal Entries and T- Account of Work in Process (WIP) and Factory Overhead (FOH)


Job No:<br>Direct Material Cost<br>Labor Hours<br>1A<br>$8,000<br>200<br>2B<br>11,000<br>7,000<br>9,000<br>350<br>3C<br>400<br>4D<br>145<br>5E<br>15,000<br>198<br>

Extracted text: Job No: Direct Material Cost Labor Hours 1A $8,000 200 2B 11,000 7,000 9,000 350 3C 400 4D 145 5E 15,000 198

Jun 06, 2022
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